Virginia Tech Foundation, Inc

Primary Functions:

• Fundraising and Resource Development: The Foundation plays a critical role in securing philanthropic gifts from individuals, corporations, and foundations to support a wide range of initiatives at Virginia Tech, including scholarships, faculty endowments, research projects, and capital improvements. This involves cultivating donor relationships, managing fundraising campaigns, and ensuring the responsible stewardship of donated funds.

• Investment Management: The Foundation manages a significant endowment portfolio to generate long-term investment returns that support the university's ongoing operations and strategic priorities. This involves employing professional investment strategies and adhering to strict fiduciary responsibilities.

• Financial Services and Administration: The Foundation provides various financial administrative services to Virginia Tech, including grant administration, accounting, budgeting, and financial reporting. This ensures the efficient and transparent management of university funds.

• Gift Processing and Donor Relations: The Foundation handles all aspects of gift processing, ensuring accurate record-keeping and timely acknowledgement of donations. It also fosters ongoing relationships with donors to maintain their engagement with the university.

Overall Role: The Virginia Tech Foundation serves as a crucial bridge between Virginia Tech and its philanthropic supporters, ensuring that the university has the financial resources necessary to achieve its educational, research, and public service goals. It acts as a vital partner in advancing Virginia Tech's mission and contributing to its long-term success.